Are you or a loved one searching for a home that caters to specific mobility needs? Navigating the real estate market can be challenging, especially when considering accessibility for individuals with mobility issues. As a Seniors Real Estate Specialist® (SRES®) in Edmonton and area, I understand the importance of finding a home that not only meets your current needs but also supports your future comfort and independence. Here's a comprehensive guide outlining essential factors to consider when purchasing an accessible home in or around Edmonton.

1. Location Matters: Begin your search by identifying neighborhoods that offer convenient access to amenities such as medical facilities, grocery stores, public transportation, and recreational areas. Proximity to essential services can significantly enhance daily living for individuals with mobility challenges.

2. Single-Level Living: Look for homes that feature single-level living or have a main floor with minimal steps. This layout eliminates the need to navigate stairs regularly, making it easier to move around freely.

3. Wide Doorways and Hallways: Pay attention to the width of doorways and hallways. Optimal accessibility requires wider passages to accommodate wheelchairs, walkers, or mobility aids comfortably. Ensure that door frames are wide enough to facilitate easy passage throughout the home.

4. Bathroom Features: Accessible bathrooms are a crucial aspect of an inclusive home. Features to look for include grab bars strategically placed near the toilet and shower, roll-in showers with no threshold, and adjustable showerheads. Additionally, consider the placement of light switches and faucets for easy reach.

5. Kitchen: Assess the kitchen layout to ensure it's conducive to accessibility. Look for lower countertops, accessible storage solutions such as pull-out shelves and drawers, and lever-style handles on cabinets and faucets. A kitchen with ample maneuvering space allows for greater independence in meal preparation.

6. Entrance: Evaluate the entry points of the home for features such as ramps or zero-step entries. An accessible entrance ensures ease of entry for individuals with mobility aids, including wheelchairs and scooters.

7. Flooring Options: Consider the flooring materials throughout the home. Opt for smooth surfaces such as hardwood, laminate, vinyl plank or low-pile carpeting, which facilitate smooth movement for wheelchairs and walkers. Avoid high-pile carpets or rugs that may pose tripping hazards.

8. Safety Features: Prioritize safety by checking for features such as well-lit pathways, handrails along staircases, and non-slip flooring in wet areas like bathrooms and kitchens. Additionally, ensure that electrical outlets and switches are positioned at accessible heights.

9. Future Adaptability: Think long-term and assess the potential for future modifications to accommodate changing needs. An accessible home should offer flexibility for installing additional features as required.

10. Consult with a Real Estate Professional: Partner with a knowledgeable real estate agent who specializes in accessibility and understands the unique needs of individuals with mobility issues. A Seniors Real Estate Specialist® (SRES®) can provide valuable guidance and support throughout the home buying process, ensuring you find a property that meets your specific requirements.

By prioritizing these essential factors, you can confidently navigate the real estate market in Edmonton and find a home that not only meets your current accessibility needs but also supports your long-term comfort and independence. As your trusted Edmonton REALTOR® and Seniors Real Estate Specialist®, I'm here to assist you every step of the way. Get in touch today to start your journey towards finding the perfect accessible home in Edmonton.

Hey there, future Edmontonians! Moving to a new city is always an exciting adventure, and Edmonton, Alberta, offers a vibrant lifestyle and a booming real estate market. As a newcomer, diving into the Edmonton housing market might seem like a daunting task, but fear not! Your friendly neighborhood REALTOR® is here to guide you through the process. Here are some valuable tips to help you navigate the Edmonton housing market successfully:

1. Understand Your Budget:

Before you start your home search, figure out your budget. Consider your income, expenses, and potential mortgage rates. Getting pre-approved for a mortgage will give you a clear picture of how much you can afford, making your search more focused.

2. Explore Different Neighborhoods:

Edmonton is a city of diverse neighborhoods, each with its unique charm. Research communities that align with your lifestyle and preferences. Whether you prefer a bustling urban vibe or a serene suburban setting, Edmonton has something for everyone.

3. Work with a Local REALTOR®:

Having a knowledgeable local REALTOR® (like me) by your side can make a world of difference. I am well-versed in the Edmonton real estate market and can help you find properties that match your criteria. From negotiation to paperwork, I’ve got you covered.

4. Consider Your Commute:

Edmonton is a sprawling city, so consider your daily commute when choosing a neighborhood. Think about the distance to your workplace, schools (if you have children), and other amenities. Edmonton's public transportation system and road networks are well-developed, making it easier to get around.

5. Stay Updated with Market Trends:

The real estate market is constantly evolving. Stay updated on market trends, housing prices, and upcoming developments. Being aware of the market dynamics will empower you to make informed decisions.

7. Be Prepared to Act Fast:

Edmonton's real estate market can be competitive, with properties sometimes selling quickly. If you find a home that meets your criteria, be prepared to act fast. Having your finances in order and working with a proactive REALTOR® can give you an advantage in a competitive market.

8. Embrace the Edmonton Spirit:

Lastly, embrace the spirit of Edmonton! The city is known for its friendly residents, diverse culture, and numerous festivals and events. Get involved in the community to truly experience the essence of your new home.

Remember, I’m here to assist you every step of the way. If you have any questions or need guidance, feel free to reach out. Happy house hunting, and welcome to Edmonton!

Brought to you by Jason Hafso - REALTOR® with MaxWell Challenge Realty

By Jason Hafso, Accredited Buyer's Representative, MaxWell Challenge Realty

Hey there, future homeowners! Buying a home in Edmonton or surrounding areas? One of the first things you'll need to understand is mortgages. Let's break down the options available so you can make an informed decision.

Fixed-Rate vs. Variable-Rate Mortgages

Fixed-Rate

With a fixed-rate mortgage, your interest rate stays the same for the entire loan term. This option provides stability and is often favored by first-time homebuyers.

Variable-Rate

In a variable-rate mortgage, the interest rate may change based on market conditions. If you're comfortable with some risk, this could save you money in the long run.

Open vs. Closed Mortgages

Open Mortgage

An open mortgage offers flexibility, allowing you to pay off your loan at any time without penalties.

Closed Mortgage

A closed mortgage has restrictions on how much you can pay off yearly. However, they usually come with lower interest rates.

Down Payment

The down payment is your initial investment and typically ranges from 5% to 20%. In Edmonton, many first-time buyers opt for the minimum down payment to get into the market sooner.

Pre-Approval

Getting pre-approved gives you a ballpark figure of the mortgage you can afford. It's a valuable tool when house hunting in competitive markets like Edmonton.

First-Time Home Buyer Grants and Incentives

CMHC’s First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps new buyers by giving them extra money for their down payment. It aims to make buying a home easier and also encourages builders to make more homes. You can get 5% of the home's value for an older home or 5-10% for a new one. This is an interest-free loan, but you need to pay it back when you sell the house or within 25 years. The payback amount will depend on how much your home is worth at that time.

First-Time Home Buyers’ Tax Credit (HBTC)

The First-Time Home Buyers' Tax Credit lets new buyers in Canada get some money back on their taxes. They can claim up to $10,000, which translates to a $1,500 tax credit. Even though it's not a huge amount, it's pretty easy to apply for and get.

Home Buyers' Plan (HBP)

Another valuable program is the Home Buyers' Plan (HBP), allowing you to withdraw up to $35,000 from your RRSPs tax-free to buy or build a qualifying home. If you’re buying with a partner who's also a first-time buyer, they can withdraw the same amount, potentially doubling your down payment.

The Tax-Free First Home Savings Account (FHSA)

The FHSA is a special savings account for your first home. You can put in up to $8,000 each year and get tax benefits on that money. The most you can save in this account over time is $40,000. If you don't use up the full $8,000 in a year, you can add it to next year's limit.

Mortgage Loan Insurance

If your down payment is less than 20%, you'll be required to get mortgage loan insurance. While this adds to your cost, it's also what enables you to buy a home with a smaller down payment.

In the dynamic Edmonton real estate market, understanding your mortgage options is crucial. Whether you're eyeing a downtown condo or a family home in a surrounding community, make sure you're financially prepared.

Looking for more advice on buying a home in Edmonton and surrounding areas? Contact Jason Hafso, your local Accredited Buyer's Representative at MaxWell Challenge Realty.

(NC) The term “house poor” is likely one we’re familiar with as Canadians. Given the ever-changing housing market, it’s something you may even have identified with. But what does it really mean? And how can we avoid it?

“House poor” is a situation that describes a person who “over-extends” themselves and spends an unusually large proportion of his or her total income (roughly 30-40% or more) on home ownership, including mortgage payments, property taxes, maintenance and utilities. If you’re feeling like a disproportionate amount of your income goes towards your home-related expenses, then you might be in this group.

According to the 2019 RBC home ownership poll, half of Canadians claim they would avoid a situation where they become house poor as they say it’s mentally stressful and financially irresponsible.

However, one in four Canadians does identify this way and approximately one in ten is prepared to put themselves in this position. Here are some budgeting tips to avoid it:

Adjust your expectations. Buying a home can often be about compromise. This may mean expanding your neighbourhood scope or looking at condos or townhomes instead of detached homes. The poll found that proximity to public transit and work are compromises that most Canadians are willing to make.

Take your time. Buying a home is one of the largest financial decisions you will make. Take some extra time to make sure you have saved what you need to live comfortably and understand fundamentally what you need to buy your first or next home. Creating a budget and payment plan schedule is a great way of staying on track.

Broaden your horizons. Rate is just one aspect of shopping for a mortgage, and solely focusing on it can have negative impacts in the long run. It’s important to make sure you have the right mortgage to suit a variety of needs and the flexibility to adapt to potential changes in your life. Consider the type of mortgage, term and amortization rate, as well as factors including if this is your first house, an investment property or you are buying and selling at the same time.

See just how much you can afford at rbc.com/60seconds.